{"id":47374,"date":"2023-10-20T15:53:27","date_gmt":"2023-10-20T15:53:27","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/start-ups-tipped-to-cash-in-amid-second-hand-goods-boom-startupsmart\/"},"modified":"2023-10-20T15:53:27","modified_gmt":"2023-10-20T15:53:27","slug":"start-ups-tipped-to-cash-in-amid-second-hand-goods-boom-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/start-ups-tipped-to-cash-in-amid-second-hand-goods-boom-startupsmart\/","title":{"rendered":"Start-ups tipped to cash in amid second-hand goods boom – StartupSmart"},"content":{"rendered":"
New research suggests the resale value of unused goods in Australian households could equate to more than $40 billion, highlighting opportunities for start-ups in the growing second-hand market.<\/p>\n
<\/span><\/p>\n <\/p>\n According to the research, conducted by classifieds website Gumtree, Australia\u2019s second-hand economy grew from $13 billion last year to almost $18 billion this year \u2013 a rise of almost 40%.<\/p>\n <\/p>\n Over the last year, Gumtree.com reported its sales grew 143%. According to Gumtree spokesperson Nat Thomas, the most popular items sold are books, clothing and electronics.<\/p>\n <\/p>\n The report estimates there are 23 unused items in each household across the country, while one in five homes have at least 40 items they don\u2019t use or want.<\/p>\n <\/p>\n According to the report, the resale value of these unwanted and unused goods could equate to nearly $44 billion.<\/p>\n <\/p>\n Thomas told AAP<\/i> the surge in the second-hand economy is \u201ca reaction to the tougher economic times we find ourselves in\u201d.<\/p>\n <\/p>\n \u201cPeople are selling everything from property to cars to business services, fashion \u2013 anything you no longer have a need for,\u201d he said.<\/p>\n <\/p>\n